Crypto analyst EGRAG Crypto has released a bold technical outlook for Hedera Hashgraph (HBAR), highlighting a potential bullish setup based on the classic “Adam & Eve” double bottom pattern.
His latest post outlines three major price targets for the current market cycle—each of which, he admits, comes with both excitement and nervous anticipation.
Adam & Eve Pattern Sets the Stage
According to EGRAG’s chart, HBAR is forming a long-term Adam & Eve reversal structure, typically characterized by a sharp “V-shaped” first bottom followed by a more rounded second bottom. This formation often precedes a breakout, with potential retests before a sustained upward move.
The chart shows three clearly marked target zones:
- Target 1: Return to HBAR’s previous all-time high (ATH).
- Target 2: A breakout to the Fibonacci extension levels, marking a more advanced bullish move.
- Target 3: The cycle top, based on long-term historical patterns and projected symmetry.
EGRAG emphasized that if these targets are reached, especially beyond the ATH and Fib levels, it would be a “thrilling” outcome—signaling strong macro support for HBAR’s value.
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Why Technicals Matter
“TA is the backbone of everything in trading,” EGRAG wrote. While acknowledging that some of his targets give him “butterflies,” he also stressed the importance of having a structured plan rooted in technical analysis. His methodology blends price history, Fibonacci zones, and cycle theory—all applied to multi-year timeframes.
Community Sentiment and Momentum
HBAR’s fundamentals—especially its enterprise-grade technology and ecosystem growth—have kept traders watching closely. With its price currently sitting near $0.24 and still well below its previous peak, many view it as a strong candidate for recovery once broader crypto momentum picks up.
EGRAG’s bullish thesis adds to the growing sentiment that HBAR may be gearing up for a breakout, especially if it clears major resistance levels and confirms the Adam & Eve reversal structure on higher timeframes.
As always, the analyst reminds his audience: technical setups guide, but risk management decides.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
